New global league aiming to transform sport of ten-pin bowling

New global league aiming to transform sport of ten-pin bowling
The World Bowling League will launch in 2024. (WBL)
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Updated 15 October 2023
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New global league aiming to transform sport of ten-pin bowling

New global league aiming to transform sport of ten-pin bowling
  • UAE-based entrepreneur Adi K. Mishra will launch World Bowling League in 2024 in partnership with International Bowling Federation

Ten-pin bowling is set to be reimagined as an engaging commercial entity with the launch of the World Bowling League, according its founder, UAE-based entrepreneur, Adi K. Mishra.

Mishra, the chief executive of League Sports Co., believes that the project is vital for the future of the sport.

“Any sport that claims to have more than 150 million regular participants worldwide has enormous potential,” Mishra said. “Add a sprinkling of celebrity stardust, stunning competition locations and a focus on digital engagement, and League Sports Co. has the recipe to transform the popular pastime of ten-pin bowling into a commercially successful global juggernaut.”

League Sports Co. — under its previous name XTZ Esports Tech — announced last year that it had struck a deal that will run for up to 20 years with the International Bowling Federation to “drive innovation, growth and investment in the sport.”

Primarily, this will involve the launch in 2024 of the new league, which will aim to redefine the appeal of bowling through the WBL pro tour and WBL global calendars for fans and competitors alike, as well as broadcasters, sponsors, agencies and bookmakers.

For Mishra, it is an opportunity to introduce a unifying new structure to a sport that has already benefited from passionate professional, semi-professional and grassroots participants.

The WBL aims to expand the existing base and capture a mass audience through a pro tour and a “premier aspirational product” that has innovation at its core — from the competition locations to the lane designs, balls and scoring, Mishra said.

“At League Sports Co, we have been actively investing time and capital over the last 18 months to bring about much-needed change and updates across all aspects of the sport,” he said.

Held in standard bowling centers under traditional bowling rules, the WBL pro tour will feature a range of tournaments split into three tiers of competition: the challenger series, open series and top-tier masters.

Ranking points will range from 250 for winning a challenger series tournament to 1,000 for triumphing at a masters tournament. The consistency and flow of this calendar is designed to appeal to fans, sponsors and the media by introducing an understandable and consistent narrative to the sport.

“We are already in late-stage negotiations to bring disparate bowling events with significant tradition and history under a single umbrella and introduce the universal bowling performance index for global rankings,” said Mishra, who added that such structures have proved successful for the likes of the ATP Tour in men’s tennis.

The launch of WBL Global, meanwhile, represents what Mishra describes as an “aspirational product that bowling deserves” by elevating the sport to a mainstream stature while integrating cutting-edge technological solutions and elements of strategy such as reverse scoring, restricted throws and franchise teams to build a fan base.

The holding company, LSC, has shown its ability to work alongside athletes and celebrities, having launched a collaborative ownership of a new E1 racing team with Virat Kohli earlier this week.

WBL is similarly in late-stage discussions with high-profile names to become league-level investors.

WBL Global will feature between 12 and 15 events a year in iconic locations in the US, UK, Saudi Arabia, Dubai, India, Singapore, South Korea and Japan, among other nations, with hopes of expanding the calendar in three to five years’ time. It is anticipated that between eight and 12 franchise teams will compete in season one, with each having a gender-balanced squad of between four and six competitors.

At least two people in each four-person WBL team will be female, helping to underline the equality at the heart of a sport that is age-agnostic and gender-neutral. It is thought that between 40 and 50 percent of bowling participants worldwide are female, according to data from the federation.

“I believe bowling as a sport with powerful stories, played by all age groups and all genders across the world for several decades, is at a pivotal moment, ready for evolution,” Mishra said. “At LSC, we are steering this change by removing barriers and unifying its fragmented ecosystem. We’re implementing tech-enhanced, robust point-based systems, such as the WBL UBPI player’s ranking and the tournament management system.”

The athletes themselves will benefit from financial incentives within the sport. Collective prize money across WBL properties will reach $3 million to $5 million in year one, with hopes of hitting $10 million in year two, depending on growth. With bowling already featuring at international and regional events such as the Pan American Games, Asian Games and the World Games, such investment is likely to provide a platform for further interest in the sport.

For Mishra and LSC, there is no shortage of ambition.

“In five years, I expect the WBL to transform bowling into a leading aspirational product for both athletes and viewers,” he said. “Athletes will be competing for significant prize money, elevating the sport’s commercial appeal and status. Financially, I anticipate the league to be highly profitable, backed by a global audience that spans multiple age groups and demographics. The commercial side will be robust, driven by sponsorships, merchandising and media rights, and we are in preliminary discussions with cities worldwide.”


Italy backs EU’s Chinese tariffs, foreign minister says

Italy backs EU’s Chinese tariffs, foreign minister says
Updated 5 min 13 sec ago
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Italy backs EU’s Chinese tariffs, foreign minister says

Italy backs EU’s Chinese tariffs, foreign minister says
  • Minister Wang Wentao is visiting Europe for discussions on the European Union’s anti-subsidy case against China-made EVs as the vote on more tariffs looms

MILAN: Italy backs tariffs proposed by the European Commission on Chinese exports of electric vehicles (EVs), Italian Foreign Minister Antonio Tajani said on Monday before a meeting in Rome with China’s commerce minister.
“We support the duties that the EU Commission proposes, to protect the competitiveness of our companies,” Tajani told daily Corriere della Sera in an interview.
Minister Wang Wentao is visiting Europe for discussions on the European Union’s anti-subsidy case against China-made EVs as the vote on more tariffs looms.
He was meeting Tajani on Monday morning and will hold talks with the European Commission’s Executive Vice President and Trade Commissioner Valdis Dombrovskis on Sept. 19.
“We want to work on a trade plan based on equality, we demand equal access for our products in their markets. Our companies must compete on equal terms,” Tajani added.
Italy is aiming for a “climate of positive cooperation, and real reciprocity to avoid dumping and obstacles from Beijing, that at times are incomprehensible,” he said.
Italy initially supported tariffs in a non-binding vote of EU members in July but Industry Minister Adolfo Urso told Reuters last week that he expected a negotiated solution.
Italy remains a major carmaker, home to brands including Fiat, part of the Stellantis group. It has also been seeking to woo Chinese carmakers including Dongfeng and Chery Auto to open factories in order to raise vehicle output.
Tajani added that his position did not compromise Italy’s “good relations” with China.
At the end of July Italian Prime Minister Giorgia Meloni visited China, to boost co-operation with the world’s second-largest economy and reset trade ties after leaving the Belt and Road infrastructure investment scheme.
President Sergio Mattarella is scheduled to visit China later this year, with Tajani part of the delegation, the minister said.
The European Commission is on the brink of proposing final tariffs of up to 35.3 percent on EVs built in China, on top of the EU’s standard 10 percent car import duty.
The proposed duties will be subject to a vote by the EU’s 27 members. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65 percent of the EU population vote against them.


Formula 1 races take an unpredictable turn as McLaren boss Zak Brown revels in ‘best season’

Formula 1 races take an unpredictable turn as McLaren boss Zak Brown revels in ‘best season’
Updated 17 min 49 sec ago
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Formula 1 races take an unpredictable turn as McLaren boss Zak Brown revels in ‘best season’

Formula 1 races take an unpredictable turn as McLaren boss Zak Brown revels in ‘best season’
  • There have been six different winners in the last eight races, representing four different teams
  • Verstappen’s dominance in 2022 and 2023 broke records

LEBANON: After a thrilling Azerbaijan Grand Prix, it seems like nearly half the field is capable of winning races in Formula 1.
McLaren chief executive Zak Brown, whose driver Lando Norris is Max Verstappen’s closest title challenger, says he’s enjoying the best show he’s seen in his eight years in F1.
There have been six different winners in the last eight races, representing four different teams. Verstappen, whose dominance in 2022 and 2023 broke records, still leads the standings but his last win was in June.
“I think this is the best season I can think of ever in Formula 1 since I’ve been here,” Brown told The Associated Press from the IndyCar season finale at Nashville Superspeedway in Tennessee.
Could it even be better than the 2021 fight between Verstappen and Lewis Hamilton, which was decided on the final lap of the year and helped fuel F1’s Netflix boom? Brown thinks it might be.
“That was mega exciting, but it’s just two guys, two good guys. Now you’ve got four good teams in today’s race,” he said.
“To have four teams that can win any weekend, and (Sergio) Perez was obviously back on form today, eight drivers going into Singapore and we’re going ‘I don’t know which of these four teams might win. I don’t know which of these eight drivers might win,’ I can’t recall Formula 1 having that level of competitiveness.”
There was non-stop action Sunday.
McLaren’s Oscar Piastri took the win in Baku, but only after a daring overtake on Ferrari’s Charles Leclerc. Perez was in the mix for Red Bull until he and Ferrari’s Carlos Sainz Jr. collided, handing third to Mercedes driver George Russell.
Further back, Norris surged through the field from 15th on the grid to finish fourth ahead of Verstappen and take another bite out of the champion’s standings lead.
Teams’ performances fluctuate week by week, depending on upgrades from the factories, track conditions and setup changes, like the one which Verstappen blamed for ruining his weekend in Azerbaijan.
Even a change of tires can turn an also-ran into a contender, Russell said Sunday.
“Just in this one race, we had a car that could have won if you took the pace from half of the race and a car that should have been outside the top 10 from the other half,” he said, adding: “So I hope we’ve got the faster version” for next week’s race in Singapore.
The Singapore street track hosted one of the most competitive races of an otherwise Red Bull-dominated 2023 season. On worn tires, Sainz held off Norris’ McLaren and the two Mercedes of seven-time champion Lewis Hamilton and Russell, who crashed from third on the last lap.
Piastri is F1’s on-form driver with the most points of anyone in the last seven races. He knows just how many moving parts are involved in success this year, and how quickly it can all change.
“We’ve been in with a chance everywhere, and I think today was definitely one of those days where we weren’t necessarily the quickest, but we had a car that could put us in the fight,” the Australian said.
“We had a pit stop that could put us in the fight. We had some teamwork that put us in the fight. And it all managed to pay off.”


Expanded NEOM Beach Games return in November

Expanded NEOM Beach Games return in November
Updated 18 min 19 sec ago
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Expanded NEOM Beach Games return in November

Expanded NEOM Beach Games return in November
  • Third edition of games takes place from Nov. 3-23, 2024 with athletes from around the world in six international sports events

NEOM: NEOM Beach Games is returning for its third edition this November with an expanded lineup of athletes and competitive events.

Olympic gold medallists Cassandre Beaugrand and Alex Yee (triathletes), Worthy De Jong (3x3 basketball player) and Veddriq Leonardo (speed climber) will be among the 1,000 athletes, coaches and team officials attending NEOM for six sports events that will start on Nov. 3.

NEOM Beach Soccer and NEOM Titan Desert will return to the event.

The sixth sport at the 2024 NEOM Beach Games, the World Aquatics Open Water Swimming World Cup NEOM, is a new event for this year. Welcoming the world’s leading open water swimmers, the concluding activity for the latest edition of NEOM Beach Games will be held in the Red Sea. 

Jan Paterson, managing director of sport at NEOM, said: “It is hugely exciting to be hosting the NEOM Beach Games for its third edition, including welcoming a number of athletes and medalists from the recent Paris 2024 Olympic Games.

“With the addition of the World Aquatics Open Water Swimming World Cup NEOM and two compact venues at NEOM Bay and Bajdah Desert, we are looking forward to offering an exciting experience for athletes and spectators alike and helping to establish NEOM as a destination for global sports amongst our natural sporting landscapes.”

 


Oil Updates – prices climb on Fed rate cut outlook

Oil Updates – prices climb on Fed rate cut outlook
Updated 6 min 40 sec ago
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Oil Updates – prices climb on Fed rate cut outlook

Oil Updates – prices climb on Fed rate cut outlook
  • Brent crude futures for November were up 38 cents, or 0.5%, at $71.99 a barrel
  • US crude futures for October were up 49 cents, or 0.7%, at $69.14 a barrel

SINGAPORE: Oil prices rose in Asian trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by persistent demand worries and weaker China data, according to Reuters.

Brent crude futures for November were up 38 cents, or 0.5 percent, at $71.99 a barrel at 10:00 a.m. Saudi time. US crude futures for October were up 49 cents, or 0.7 percent, at $69.14 a barrel.

Both contracts had settled lower in the previous session, with concerns about supply disruptions easing as Gulf of Mexico crude production resumed following Hurricane Francine and as rising data showed a weekly rise in US rig count.

Still, nearly a fifth of crude oil production and 28 percent of natural gas output in the Gulf of Mexico remain offline in the hurricane’s aftermath.

“Markets are focused on upcoming FOMC policy decisions and traders are likely to stay cautious,” said Phillip Nova senior market analyst Priyanka Sachdeva, adding that prices are still supported by some supply worries given some capacity remains offline in the Gulf of Mexico.

The Federal Open Market Committee is expected to make a decision during its Sept. 17-18 meeting.

Fed fund futures show investors are increasingly betting the US central bank will cut by 50 basis points instead of 25 bps, according to CME FedWatch.

Lower interest rates typically reduce the cost of borrowing, which can boost economic activity and lift demand for oil.

However, analysts are concerned that an aggressive rate cut of 50 bps could signal underlying recession worries, which would be a bane for demand.

“A cut of 50 bps from the Fed will likely indicate weakness in the US economy, raising demand concerns for oil,” said OANDA senior market analyst Kelvin Wong in an email.

Optimism in the market was dampened by weaker Chinese economic data released over the weekend, with the low-for-longer growth outlook in the world’s second largest economy reinforcing doubts over oil demand, said IG market strategist Yeap Jun Rong in an email.

Industrial output growth in China, the world’s top oil importer, slowed to a five-month low in August, while retail sales and new home prices weakened further.

“Coupled with increased odds of a deflationary risk spiral in China after industrial production and retail sales growth declined in August, the current rebound in WTI crude oil is likely unsustainable with intermediate key resistance at $72.20/73.15 per barrel,” OANDA’s Wong said.

Oil refinery output also fell for a fifth month as disappointing fuel demand and weak export margins curbed production.


MOD UAE triumphs in jiu-jitsu finale in Abu Dhabi

MOD UAE triumphs in jiu-jitsu finale in Abu Dhabi
Updated 42 min 13 sec ago
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MOD UAE triumphs in jiu-jitsu finale in Abu Dhabi

MOD UAE triumphs in jiu-jitsu finale in Abu Dhabi
  • Commando Group secures second place at AJP Tour Asia Continental Jiu-jitsu Championship

ABU DHABI: MOD UAE were crowned champions at the AJP Tour Asia Continental Jiu-Jitsu Championship which concluded on Sunday in Abu Dhabi.

The tournament, organized by the UAE Jiu-Jitsu Federation in collaboration with Abu Dhabi Jiu-Jitsu Pro, drew elite athletes from across the globe, and included those competing in the purple, brown, and black belt divisions.

Commando Group secured second place, followed by Al-Wahda Jiu-Jitsu Club in third.

This year’s championship had a 50 percent increase in professional competitors compared to last year. On offer were crucial ranking points and the opportunity to qualify for the prestigious Abu Dhabi World Professional Jiu-Jitsu Championship later this year.

Salem Al-Dhaheri, vice chairman of the UAEJJF, said the championship was a “premier platform for the finest professional athletes.”

“This tournament is not just a sporting event; it reflects the UAE Jiu-Jitsu Federation’s vision to grow and elevate the sport both locally and internationally.

“It plays a key role in boosting the athletes’ rankings and improving their performances, both for seasoned professionals and emerging talent.”

Masilva Noza, coach of MOD Academy, said: “This tournament truly stands out due to the fierce level of competition, particularly with black belt athletes from various countries showcasing their skills.

“It offers professionals a valuable opportunity to implement new strategies and put their techniques to the test against highly seasoned opponents on the mat.”

He said the tournament gave athletes the chance to enhance their international rankings. “That’s why we entered over 150 male and female athletes, ensuring we gained the maximum advantage from this prestigious event.”

Emirati champion Khalid Al-Shehhi, a black belt from Al-Ain Jiu-Jitsu Club, who won gold in the 62 kg professional category, said: “The competition today was incredibly tough, as I faced highly skilled and experienced opponents.”

He said the tournament has helped him prepare for the World Jiu-Jitsu Championship in Greece and the Abu Dhabi World Professional Jiu-Jitsu Championship.